Mayville Engineering (MEC) PT Lowered to $18 at DA Davidson

DA Davidson analyst Michael Shlisky lowered the price target on Mayville Engineering (NYSE: MEC) to $18.00 (from $23.00) while maintaining a Buy rating.

The analyst comments "We are maintaining our BUY rating on MEC, with a new price target of $18 (from $23) following 2Q:25 earnings. The company's results largely beat expectations, but 2025 guidance was reduced due to a challenging Truck environment. We believe there are silver linings galore for MEC, including potential Truck outperformance in 2026; Datacenter growth; facility and cost actions; and a positive raw-material inflection. As such, we believe yesterday's ~12% downside to the shares was likely overdone. We are admittedly taking numbers down, but continue to recommend the stock at the current valuation."

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